Single-Family Homes
Sat Jul 27 2024
This week the median list price for Big Sur, CA 93920 is $5,895,000 with the market action index hovering around 26. This is less than last month's market action index of 29. Inventory has increased to 11.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has been cooling in recent weeks. Since this is a Buyer’s market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Median List Price | $5,895,000 | |
Median Price of New Listings | $5,895,000 | |
Per Square Foot | $2,235 | |
Average Days on Market | 168 | |
Median Days on Market | 196 | |
Price Decreased | 9% | |
Price Increased | 0% | |
Relisted | 9% | |
Inventory | 11 | |
Median Rent | ||
Market Action | 26 | |
Slight Buyer's Advantage |
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$27,000,000 | 6,551 | N/A | 8 | 7.3 | 57 | 0 | 0 | 231 |
$9,950,000 | 3,000 | 5 - 10 acres | 3 | 3 | 59 | 0 | 0 | 210 |
$4,500,000 | 3,000 | 5 - 10 acres | 3 | 3.5 | 42 | 1 | 0 | 14 |
$2,950,000 | 2,065 | 5 - 10 acres | 3 | 2.5 | 31 | 0 | 0 | 210 |